Trezor Reports Sales Revenue Increased By 300%
Trezor is certain that the latest uptick in demand is a result of investors rescuing their funds in the aftermath of FTX failure. Investors are increasingly switching to hardware bitcoin wallets as worries about centralized cryptocurrency exchanges mount in the wake of the FTX debacle. According to Josef Tetek, the company’s brand ambassador, Trezor, a […]
Bitcoin Miner Canaan Scales Operations Despite Low Profit
Chinese Bitcoin mining firm Canaan reported a 90% quarter-over-quarter decline in net income in Q3 2022, yet the company is still operating. According to the CEO of the company, operations will continue to grow at Chinese cryptocurrency mining startup Canaan despite the current bad market and a corresponding decline in earnings. Canaan’s third quarter of […]
FTX is the opposite of Bitcoin – El Salvador President
El Salvador president, Nayib Bukele in the wake of FTX’s collapse has called the exchange the opposite of Bitcoin, while also stating that the Bitcoin protocol was created precisely to prevent Ponzi schemes. The FTX explosion sent shockwaves across the globe and seriously damaged investor confidence. The Salvadoran President Nayib Bukele and Changpeng “CZ” Zhao, […]
Reevaluating MicroStrategy Flaws Amidst Bitcoin Dip
This week’s drop in the price of bitcoin makes people wonder again if Michael Saylor will have to sell some or all of his company’s huge holdings at some point. Michael Saylor, the Executive Chairman of MicroStrategy (MSTR) and a well-known bitcoin bull, told CNBC that he won’t change his plan to buy and hold […]
Grayscale Bitcoin Trust Reports 41% Meltdown
On Wednesday, the GBTC recorded its largest discount ever – 41% – which represented a price per share of $8.76 at the close of markets. Price began to sag and, as of this writing, had dropped 21% in five days. The Grayscale Bitcoin Trust, the largest institutional Bitcoin fund in the world, is one of […]